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  2. Aug 16, 2023 · What are the different Investment proofs you can submit to claim tax deductions and exemptions for FY 2023-24? When is the last date to submit investment proof documents for FY 2023-24 (AY 2024-25)? What is Form 12BB Investment Declaration Form?

  3. Mar 18, 2024 · You can submit investment proof for FY 2023-24 (AY 2024-2025) till 31st March. However, all employers have different deadlines, so you must check with your HR team. In case you fail to submit your investment proof to your employer, they have the right to deduct TDS from your salary.

    • Dilip Prasad
    • Claim HRA Exemption in your Return. Forgot to submit rent receipts to your employer on time? Don’t worry! If you live on rent and have made rent payments you can claim deduction on House Rent Allowance at the time of filing your return.
    • Claim deductions under section 80C with no investments. Section 80C allows you to reduce Rs 1,50,000 from your taxable income. You can view the entire list of deductions allowed under section 80C here.
    • Claim these deductions under section 80C without making any additional investments. You can sum up all these expenses and add them to the deduction under Section 80C on ClearTax.
    • Cannot claim LTA in your Return. Unfortunately, the exemption on LTA cannot be claimed in your return. The bills for your travel against LTA can only be claimed via your employer.
  4. Feb 16, 2024 · The due date for submitting investment proof for FY 2023-24 to your employer typically falls within the timeframe of late January to early March. However, the exact date can vary depending on your employer's internal policies.

  5. Jul 9, 2024 · With effect from 1st June 2016, a salaried employee is required to submit Form 12BB to his or her employee to claim tax benefits or rebates on investments and expenses. Form 12BB has to be submitted at the end of the financial year. Form 12BB applies to all salaried taxpayers.

  6. Mar 19, 2024 · Investment Proof Submission for Financial Year 2023-24. Last updated: Tue Mar 19 2024. This year, you can claim a tax deduction, but you will need to show proof of your investments. You have till the end of January or the beginning of March in India to give your employer investment documents for the fiscal year (FY) 20232024 (assessment year ...

  7. "Dive into the essential guide for Income Tax Declaration and Investments Proof Submission for FY 2023-24. Streamline your financial planning with expert ins...

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    • Investing Done Right